mgs property lettings ltd
mgs property lettings ltd Company Information
Company Number
11168378
Next Accounts
Dec 2025
Shareholders
sally speirs
simon speirs
View AllGroup Structure
View All
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
egale 1 80 st. albans road, watford, WD17 1DL
Website
-mgs property lettings ltd Estimated Valuation
Pomanda estimates the enterprise value of MGS PROPERTY LETTINGS LTD at £970.2k based on a Turnover of £291.9k and 3.32x industry multiple (adjusted for size and gross margin).
mgs property lettings ltd Estimated Valuation
Pomanda estimates the enterprise value of MGS PROPERTY LETTINGS LTD at £0 based on an EBITDA of £-642 and a 6.68x industry multiple (adjusted for size and gross margin).
mgs property lettings ltd Estimated Valuation
Pomanda estimates the enterprise value of MGS PROPERTY LETTINGS LTD at £1.7m based on Net Assets of £949.8k and 1.76x industry multiple (adjusted for liquidity).
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Mgs Property Lettings Ltd Overview
Mgs Property Lettings Ltd is a live company located in watford, WD17 1DL with a Companies House number of 11168378. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in January 2018, it's largest shareholder is sally speirs with a 37.5% stake. Mgs Property Lettings Ltd is a young, micro sized company, Pomanda has estimated its turnover at £291.9k with high growth in recent years.
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Mgs Property Lettings Ltd Health Check
Pomanda's financial health check has awarded Mgs Property Lettings Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £291.9k, make it smaller than the average company (£923.6k)
- Mgs Property Lettings Ltd
£923.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (4.9%)
- Mgs Property Lettings Ltd
4.9% - Industry AVG
Production
with a gross margin of 75.5%, this company has a comparable cost of product (75.5%)
- Mgs Property Lettings Ltd
75.5% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (29.3%)
- Mgs Property Lettings Ltd
29.3% - Industry AVG
Employees
with 3 employees, this is below the industry average (4)
3 - Mgs Property Lettings Ltd
4 - Industry AVG
Pay Structure
on an average salary of £32.4k, the company has an equivalent pay structure (£32.4k)
- Mgs Property Lettings Ltd
£32.4k - Industry AVG
Efficiency
resulting in sales per employee of £97.3k, this is less efficient (£177.3k)
- Mgs Property Lettings Ltd
£177.3k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (30 days)
- Mgs Property Lettings Ltd
30 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Mgs Property Lettings Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mgs Property Lettings Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (12 weeks)
2 weeks - Mgs Property Lettings Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 32.1%, this is a lower level of debt than the average (64%)
32.1% - Mgs Property Lettings Ltd
64% - Industry AVG
MGS PROPERTY LETTINGS LTD financials
Mgs Property Lettings Ltd's latest turnover from March 2024 is estimated at £291.9 thousand and the company has net assets of £949.8 thousand. According to their latest financial statements, Mgs Property Lettings Ltd has 3 employees and maintains cash reserves of £6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Turnover | ||||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | ||||||
| Interest Receivable | ||||||
| Pre-Tax Profit | ||||||
| Tax | ||||||
| Profit After Tax | ||||||
| Dividends Paid | ||||||
| Retained Profit | ||||||
| Employee Costs | ||||||
| Number Of Employees | 3 | 2 | 2 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | ||||||
| Intangible Assets | ||||||
| Investments & Other | 1,375,000 | 1,260,150 | 1,260,150 | 1,260,150 | 1,260,150 | 1,260,150 |
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | 1,375,000 | 1,260,150 | 1,260,150 | 1,260,150 | 1,260,150 | 1,260,150 |
| Stock & work in progress | ||||||
| Trade Debtors | 13,729 | 10,700 | 10,700 | 10,575 | ||
| Group Debtors | ||||||
| Misc Debtors | 3,399 | 675 | 1,349 | 2,517 | 4,688 | |
| Cash | 5,996 | 14,029 | 4,055 | 12,125 | 7,354 | 34,041 |
| misc current assets | 4,642 | 3,023 | ||||
| total current assets | 23,124 | 29,371 | 18,453 | 24,049 | 9,871 | 38,729 |
| total assets | 1,398,124 | 1,289,521 | 1,278,603 | 1,284,199 | 1,270,021 | 1,298,879 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | ||||||
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | 115,100 | 121,230 | 121,670 | 121,653 | 116,888 | 453,354 |
| total current liabilities | 115,100 | 121,230 | 121,670 | 121,653 | 116,888 | 453,354 |
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | ||||||
| other liabilities | 304,500 | 304,500 | 304,500 | 300,000 | 300,000 | |
| provisions | 28,712 | |||||
| total long term liabilities | 333,212 | 304,500 | 304,500 | 300,000 | 300,000 | |
| total liabilities | 448,312 | 425,730 | 426,170 | 421,653 | 416,888 | 453,354 |
| net assets | 949,812 | 863,791 | 852,433 | 862,546 | 853,133 | 845,525 |
| total shareholders funds | 949,812 | 863,791 | 852,433 | 862,546 | 853,133 | 845,525 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | ||||||
| Debtors | 6,428 | -675 | -549 | 9,407 | -2,171 | 4,688 |
| Creditors | ||||||
| Accruals and Deferred Income | -6,130 | -440 | 17 | 4,765 | -336,466 | 453,354 |
| Deferred Taxes & Provisions | 28,712 | |||||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 114,850 | 1,260,150 | ||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | ||||||
| Other Short Term Loans | ||||||
| Long term loans | ||||||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | 4,500 | 300,000 | ||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -8,033 | 9,974 | -8,070 | 4,771 | -26,687 | 34,041 |
| overdraft | ||||||
| change in cash | -8,033 | 9,974 | -8,070 | 4,771 | -26,687 | 34,041 |
mgs property lettings ltd Credit Report and Business Information
Mgs Property Lettings Ltd Competitor Analysis
Perform a competitor analysis for mgs property lettings ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in WD17 area or any other competitors across 12 key performance metrics.
mgs property lettings ltd Ownership
MGS PROPERTY LETTINGS LTD group structure
Mgs Property Lettings Ltd has no subsidiary companies.
Ultimate parent company
MGS PROPERTY LETTINGS LTD
11168378
mgs property lettings ltd directors
Mgs Property Lettings Ltd currently has 2 directors. The longest serving directors include Mr Simon Speirs (Jan 2018) and Ms Sally Speirs (Jan 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Speirs | United Kingdom | 56 years | Jan 2018 | - | Director |
| Ms Sally Speirs | United Kingdom | 54 years | Jan 2018 | - | Director |
P&L
March 2024turnover
291.9k
+47%
operating profit
-642.7
0%
gross margin
75.5%
+0.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
949.8k
+0.1%
total assets
1.4m
+0.08%
cash
6k
-0.57%
net assets
Total assets minus all liabilities
mgs property lettings ltd company details
company number
11168378
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
January 2018
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
egale 1 80 st. albans road, watford, WD17 1DL
Bank
-
Legal Advisor
-
mgs property lettings ltd Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 4 charges/mortgages relating to mgs property lettings ltd. Currently there are 2 open charges and 2 have been satisfied in the past.
mgs property lettings ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for MGS PROPERTY LETTINGS LTD. This can take several minutes, an email will notify you when this has completed.
mgs property lettings ltd Companies House Filings - See Documents
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